BSP forum on safeguarding Phil currency set Feb. 26
posted 18-Feb-2019  ·  
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The provincial government will host a multisectoral forum on “Safeguarding the Integrity of the Philippine Currency” to be conducted by the Bangko Sentral ng Pilipinas (BSP) this Feb. 26, 2019.

BSP Deputy Director Tomas Cariño Jr. recently requested Acting Governor Shirley Abundo for assistance in jointly holding the activity as part of the two agencies’ partnership in the BSP Knowledge Resource Network.

The activity is intended to raise public awareness on the importance of preserving and maintaining the Philippine currency’s integrity, the BSP stated.

In particular, it added, the 100 participants that would include treasurers and market administrators from the 11 towns, frontline government agencies, retail and business establishments, transport, consumer groups, the police and the media would be briefed on the security features of the country’s currency and related laws to protect them from counterfeit money.

The forum is expected to engage various stakeholders to discuss measures that will further strengthen the enforcement of the BSP’s Clean Note & Coin Policy and promote coin recirculation.

Just last week, a street peddler from Legazpi City remained behind bars at the San Andres police station pending the completion of the preliminary investigation of the twin criminal cases filed against him for possession of fake money and drug paraphernalia.

The case for violation of Sec. 12 of Republic Act 9165, otherwise known as the Comprehensive Dangerous Drugs Act, and another case for violation of Article 168 of the Revised Penal Code, was filed through inquest proceedings last week against Gilberto Mangustay Bahillo, 45, a resident of Bitano, Legazpi City.

It may be recalled that shortly before 8:45 A.M. of Feb. 3, 2019, elements of the San Andres police under the supervision of deputy police chief Inspector Roderick Bino were on foot patrol along the pier site in barangay San Roque when two women, vendor Betty Espedillon, 55, and saleslady Rowena Ramos, 30, complained that they were paid fake money bills by the suspect when the latter bought some goods and grocery items.

The team immediately arrested Bahillo, who was then about to board the ferry boat bound for Tabaco port. A search of the suspect resulted in the seizure of P28,800.00 worth of counterfeit Philippine currency in different denominations, genuine cash money amounting to P3,659.00, drug paraphernalia composed of glass tooter, burner and lighter, a cutter, cellphone and sling bag containing snacks and ladies wallets.


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